Month: March 2016

Chiedu Ebie, former lawyer and current CEO of Nigerian exploration and production company Millennium Oil & Gas Company Limited, is an avid fan of Formula One motor racing. Chiedu Ebie is a big supporter of Lewis Hamilton, a racer on the Mercedes AMG Petronas team and the 2008, 2014, and 2015 Formula One World Champion.

Though Hamilton has been relaxing lately during the Formula One season’s winter break, he has been anxiously awaiting the start of the new season. This year, the pre-season testing started later than usual, and lasted only eight days. Hamilton claims that he misses racing and competing lately, especially because of the shorter testing time.

In 2015, Hamilton won first place in the season-opening Grand Prix in Australia before going on the win the world championship, so he knows the importance of getting off to a good start. However, he realizes that even if he doesn’t win the opening race this year, he’ll be able to catch up with some hard work and practice.

Hamilton predicts that Ferrari’s team is going to be a big contender in the F1 races this year, and is excited to see how his competition does. If Hamilton wins his fourth world championship this year, he will become the most successful British F1 driver of all time. Still, Hamilton claims that his main goal is to emulate his hero, former driver Ayrton Senna.

Currently the commissioner of the Ministry of Basic and Secondary Education in the Delta State in Nigeria, Chiedu Ebie is also an experienced attorney and business executive. Prior to his appointment into the Delta State Executive Council in July 2015, Chiedu Ebie was the pioneer CEO of Millennium Oil & Gas Company Limited . During that time, he was responsible for the development of the Oza marginal field.

Here are a few commonly asked questions about the field:

Question: When was the Oza marginal field discovered?
Answer: The Shell Petroleum Development Company of Nigeria discovered the field in 1959.

Question: Where is this field, and how large is it?
Answer: The Oza field is roughly 20 square kilometers, and is located onshore in OML 11 in present day Abia State in Southern Nigeria.

Question: Who owns the Oza field now?
Answer: Millennium Oil & Gas Company Limited owns a controlling 60% interest in the field. Hardy Oil Nigeria Limited and Emerald Energy Resources Limited each own an additional 20% interest in the field.

Question: How many wells are in the Oza field?
Answer: There are currently four wells, all drilled between 1959 and 1964. The Oza field development strategy includes plans to install an Early Production Facility to enable it evacuate its production vis SPDC’s trunk lines to Bonny export facility.